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Do banks strategically time public bond issuance because of the accompanying disclosure, due diligence, and investor scrutiny?

Covitz, Daniel M.; Harrison, Paul - Federal Reserve Board (Board of Governors of the … - 2003

This paper tests a new hypothesis that bank managers issue bonds, at least in part, to convey positive, private … migrations, equity returns, bond issuance, and balance sheet data for US bank holding companies. The results add to our … requirements that banking organizations frequently issue public bonds might augment "market discipline." …

Persistent link: https://www.econbiz.de/10005393914

Financial structure and economic development

Levine, Ross - Federal Reserve Board (Board of Governors of the … - 1990

An important challenge to economists is to explain how financial contracts and institutions affect economic growth while simultaneously explaining how economic development elicits the creation and modification of an economy's financial structure. This paper addresses one side of this inherently...

Persistent link: https://www.econbiz.de/10005712700

Globalization and financial development: a speech to the New Perspectives on Financial Globalization Conference, International Monetary Fund, Washington, D.C., April 26, 2007

Mishkin, Frederic S. - Federal Reserve Board (Board of Governors of the … - 2007

Persistent link: https://www.econbiz.de/10005512670

Finance and growth: theory and new evidence

Harrison, Paul; Sussman, Oren; Zeira, Joseph - Federal Reserve Board (Board of Governors of the … - 1999

This paper describes a feedback effect between real and financial development. The paper presents a new variable, which we call the cost of financial intermediation, through which the feedback between finance and growth operates. The theoretical part of the paper describes how specialization of...

Persistent link: https://www.econbiz.de/10005512968

Product segmentation and market definition for consumer credit

Elliehausen, Gregory E.; Wolken, John D. - Federal Reserve Board (Board of Governors of the … - 1986

Persistent link: https://www.econbiz.de/10005379713

Financial markets and the Federal Reserve: a speech at the New York Stock Exchange, New York, New York, November 21, 2006

Warsh, Kevin M. - Federal Reserve Board (Board of Governors of the … - 2006

Persistent link: https://www.econbiz.de/10005390134

On "Leveraged losses: lessons from the mortgage meltdown": a speech at the U.S. Monetary Policy Forum, New York, New York, February 29, 2008

Mishkin, Frederic S. - Federal Reserve Board (Board of Governors of the … - 2008

Persistent link: https://www.econbiz.de/10005390168

Markets, financial institutions, and consumers: the roles of the Federal Reserve : a speech at the National Bankers Association 80th Annual Convention, Durham, North Carolina, October 11, 2007

Kroszner, Randall S. - Federal Reserve Board (Board of Governors of the … - 2007

Persistent link: https://www.econbiz.de/10005390224

Efficiency of financial institutions: international survey and directions for future research

Berger, Allen N.; Humphrey, David B. - Federal Reserve Board (Board of Governors of the … - 1997

This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions in 21 countries. The primary goals are to summarize and critically review empirical estimates of financial institution efficiency and to attempt to arrive at a consensus view. We find that the...

Persistent link: https://www.econbiz.de/10005393802

Inside the black box: what explains differences in the efficiencies of financial institutions?

Berger, Allen N.; Mester, Loretta J. - Federal Reserve Board (Board of Governors of the … - 1997

Over the past several years, substantial research effort has gone into measuring the efficiency of financial institutions. Many studies have found that inefficiencies are quite large, on the order of 20 percent or more of total banking industry costs and about half of the industry's potential...

Persistent link: https://www.econbiz.de/10005393842